Builders Energy Services Trust

Builders Energy Services Trust

May 31, 2006 17:25 ET

Builders Energy Services Trust Increases Existing Credit Facility to $85 Million

CALGARY, ALBERTA--(CCNMatthews - May 31, 2006) - Builders Energy Services Trust (TSX:BET.UN) ("Builders", or the "Trust") is pleased to announce that it has increased its existing credit facility from $70 million to $85 million.

The credit facility now consists of an extendible revolving operating credit facility of $20 million and an extendible revolving acquisition facility of up to $65 million to finance capital expenditures and acquisitions. The credit facility is with a syndicate led and arranged by the National Bank of Canada and includes the Toronto Dominion Bank and Canadian Western Bank.

"We have already closed two acquisitions in 2006 and we continue to assess additional strategic acquisitions" said Garnet Amundson, President and Chief Executive Officer. "This increased credit facility provides Builders with additional flexibility for the Trust's ongoing capital expenditure and acquisition programs."

The facilities are renewable annually. To the extent that the facilities are not renewed, debt repayments on the acquisition facility would be amortized over a three-year period.

Based in Calgary, Builders Energy Services Trust is an open-end, unincorporated investment trust providing oilfield services in western Canada through skilled staff and specialized equipment. Builders provides services to the oil and gas industry related to the ongoing servicing of producing wells and new drilling activity.

When used in this news release, the words "expect", "anticipate", "estimate" and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the date that the statements are made, and the Trust undertakes no obligation to update forward-looking statements if conditions or opinions should change.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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